Wartsila
Wärtsilä is a Finnish multinational corporation known for providing solutions and services for the marine and energy markets. Here’s an overview of the company:
Background and History:
- Founded: The company traces its roots back to 1834 when it was originally established as a sawmill in Tohmajärvi, Finland.
- Headquarters: Helsinki, Finland.
Business Segments:
Wärtsilä's operations are primarily divided into two main segments:
Marine Solutions:
- Products and Services: This segment provides a range of products including ship engines, propulsion systems, and machinery. They offer integrated solutions for the entire lifecycle of ships, promoting both efficiency and environmental sustainability.
- Customer Base: Commercial shipping, naval fleets, and offshore oil & gas industry.
Energy Solutions:
- Products and Services: Focuses on power plants and energy systems. They provide flexible power generation solutions, from individual engine-driven power plants to utility-scale power generation and storage solutions.
- Technology: Includes gas, liquid fuel, as well as hybrid power plants and renewable energy solutions.
Commitment to Sustainability:
- Environmental Impact: Wärtsilä is committed to promoting environmentally sound practices and technologies. This includes developing energy-efficient and low-emission solutions, such as hybrid and LNG (liquefied natural gas) propulsion systems for marine applications, and renewable energy integration in power plants.
- ESG Initiatives: The company is actively involved in recycling, waste reduction, and other sustainability programs.
Innovations and R&D:
Wärtsilä invests heavily in research and development to stay at the forefront of technological advancements. Areas of focus include digitalization, automation, and smart technologies for optimizing operational efficiency and reducing emissions.
Global Presence:
- Operations: Wärtsilä has a global presence with offices and facilities in over 200 locations in more than 70 countries.
- Employees: The company employs thousands of people worldwide, ensuring local support and after-sales services.
Financials:
As of the latest financial reports, Wärtsilä is a publicly traded company listed on the Nasdaq Helsinki. It has shown resilient financial performance with diversified revenue streams from its marine and energy sectors.
Future Outlook:
- Growth Strategy: Wärtsilä aims to leverage technological innovation and digitalization to expand its market share. The company focuses on partnerships, acquisitions, and expanding its service offerings to drive future growth.
- Market Trends: Increasing regulatory pressures for greener maritime operations and the global push towards renewable energy present significant opportunities for Wärtsilä.
In summary, Wärtsilä is a prominent player in both the marine and energy sectors, recognized for its commitment to innovation and sustainability. Its extensive experience, broad product portfolio, and global footprint position it well to address the evolving needs of these industries.
- Phone: +358 (0)10 709 5599
- Web: www.wartsila.com
Locations
Documents
Wartsila News
Wärtsilä to Set-up Indonesia's first bio-LNG plant
Wärtsilä and two Indonesian partners have today signed a joint development agreement with the intention of creating the first ever bio-LNG plant in Indonesia. The…
Wärtsilä Expands Propulsion Monitoring Services
Wärtsilä expanded its offering in propulsion monitoring services. The Wärtsilä Propulsion Condition Monitoring Service (PCMS), introduced to the market in 2010, will now feature expanded functionalities and is now available in two editions - PCMS Starter and PCMS Professional. The need for certainty of operations and long-term maintenance planning is fulfilled with a new functionality - Dynamic Lifetime Prognosis (DLP).
Wärtsilä Wins Its Largest Single BWMS Order
A total of 22 bulk carriers, being built by Yangzhou Guoyu Shipbuilding Co. Ltd in China for Singapore based Pioneer Marine, will feature Wärtsilä Ballast Water Management Systems (BWMS). The Wärtsilä systems will enable the vessels to comply fully with the IMO's ballast water convention. The contracts were finalized in August. Each of the 38,000 DWT vessels will be fitted with two Wärtsilä AQUARIUS UV BWMS, and the scope of supply includes also the commissioning and sea trials of the equipment.
Bulk Carriers to Adopt Wärtsilä Dual-Fuel Engine Technology
The increasing use of LNG as a marine fuel is further emphasized with the latest order for Wärtsilä's dual-fuel engine technology. A new cement carrier being built at the Scheepswerf Ferus Smit yard in the Netherlands will feature a six-cylinder Wärtsilä 34DF main engine, making it the first bulk carrier to adopt Wärtsilä's multi fuel capability. The ship has been ordered by JT Cement, a joint venture between Erik Thun AB of Sweden and KG Jebsen Cement of Norway.
Wärtsilä Shows Upgraded Tankship Design at SMM
Wärtsilä says it has launched its new SK 5054 MkII chemical and oil products tanker design at the current SMM conference and exhibition in Hamburg, Germany. The…
Wärtsilä Debuts Controllable Pitch Propeller System
At the SMM exhibition and conference in Hamburg, Germany, Wärtsilä is introducing its latest development of large Controllable Pitch (CP) Propellers, based on the previously known E-hub type. The new CP propeller system offers greater efficiency and a reduced environmental impact. The new Wärtsilä CP propeller system addresses the demands of medium and large size vessel owners, and is particularly applicable for special vessels that are equipped with dynamic positioning capabilities…
Wärtsilä License Jangsu 2-Stroke Marine Engine Manufacture
Wärtsilä Switzerland Ltd inform that it has signed a licence agreement for the manufacture and sales of Wärtsilä 2-stroke marine engines by China-based Jangsu Antai Power Machinery Co. Ltd.
Wärtsilä Reshuffles Two Top Managers
Mr Rakesh Sarin (59), B.Sc. (Eng.), has been appointed President of Power Plants, Executive Vice President and member of the Board of Management of Wärtsilä Corporation, effective 1 September 2014.
Wärtsilä Signs Harvey Gulf OSV Maintenance Agreement
Wärtsilä says it has signed a long-term Technical Management Agreement with Harvey Gulf International Marine LLC (Harvey Gulf). This five-year agreement covers Condition…
Wärtsilä Upgrades Fuel Gas Handling Solution
With LNG becoming increasingly viable and popular as a marine fuel, Wärtsilä continues to develop technical solutions that facilitate this trend. The latest Wärtsilä developments in this field involve an upgraded version of the Wärtsilä LNGPac, a fully integrated fuel gas handling system, and improvements to the coveted Wärtsilä Gas Valve Unit (GVU). Wärtsilä introduced the LNGPac in 2010. It comprises a complete system for LNG fuel handling…
Wärtsilä Launches Low Loss Hybrid Energy System
Wärtsilä announced that it will launch its new Low Loss Hybrid (LLH) innovation at the ONS 2014 exhibition being held in Stavanger, Norway from August 25 to 28. The Wärtsilä LLH utilizes different power sources in combination with energy storage devices to operate the prime movers closest to their optimum performance. In addition to annual fuel savings of up to 15 percent, depending on the type and configuration of the engine and mission profile…
Wärtsilä System Chosen for New GoM LNG Facility
Wärtsilä says it has been awarded a contract for the control system of a shore-based liquefied natural gas (LNG) fuelling facility in Port Fourchon, Louisiana, USA.
Wärtsilä Wins Another Design Contract for Arctic Operations
A second confirmed design contract for Wärtsilä's new series of arctic platform supply vessels has been signed. This latest order is for a multi-purpose platform…
Wärtsilä to Design Gulf of Bothnia Ferry
Wärtsilä has been selected as the partner for designing a new ferry as part of the Midway Alignment of the Bothnian Corridor project. The scope of the design work will be both initial and basic design. The ferry is designed for sailing between Vaasa in Finland and Umeå in Sweden across the Gulf of Bothnia in the Baltic Sea. The contract was signed today, August 4. The new vessel is required to be innovative, efficient and environmentally sound.
Wärtsilä to Divest its Shares in Two-stroke JV
Wärtsilä announced that it will divest its shares in the Qingdao Qiyao Wärtsilä MHI Linshan Marine Diesel Co. Ltd. (QMD), the joint venture company established for…
Wärtsilä and CSSC in 2-stroke engine JV
Wärtsilä and China State Shipbuilding Corporation (CSSC) have signed an agreement to establish a joint venture, which will take over Wärtsilä’s 2-stroke engine business.
Good Profitability Noted in Wärtsilä H1 Interim Report
Wärtsilä and China State Shipbuilding Corporation announced the establishment of a joint venture, which will take over Wärtsilä's two-stroke engine business. Going forward…
Cruise Line Adds to Wärtsilä Maintenance Agreement
Wärtsilä says that two vessels have been added to the 5-year maintenance agreement between them and US-based Prestige Cruise Holdings, Inc. (the parent company of…
Wärtsilä Environmental Seal Systems First to Gain Recognition
Wärtsilä has received an important service level recognition for its Wärtsilä Airguard and Wärtsilä Oceanguard propeller shaft sealing systems from Lloyd's Register.
Wärtsilä Wins Floatel Equipment Contract
Wärtsilä informs that a new semi-submersible accommodation and construction vessel (floatel) being built for Floatel International AB, the Swedish offshore floatel owner and operator…
